Stacks

Bitcoin

Billion

The post <a href="https://coinpedia.org/price-analysis/stx-price-prediction-stacks-market-cap-touches-3-billion-eyes-30-upside/">STX Price Prediction: Stacks Market Cap Touches $3 Billion, Eyes 30% Upside</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Following the dragging phase near the 50-day EMA, the Stacks buyers finally regain the bullish momentum as the market bounces back. With Bitcoin closer to $50K after a brief touch, the STX price displays a stretched bull run, picking up additional momentum.&nbsp; 
As the sentiments improve with increased investors’ confidence, the Stacks market cap crosses the $3 Billion mark and showcases a rise in trading volume. As the buying pressure for the altcoin surges, our <a href="https://coinpedia.org/price-prediction/stacks-stx-price-prediction/">STX price prediction</a> projects a bullish year crossing the double-digit mark.&nbsp; 
<h2 class="wp-block-heading" id="h-stx-price-enters-the-2-arena-eyes-30-upside">STX Price Enters The $2 Arena, Eyes 30% Upside</h2> 
With 9 consecutive bullish candles, the STX price shows a sharp turnaround in the daily chart. Further, the Stacks coin price shows a rounding bottom reversal as it bounces from the 50-day EMA, leading to a bullish breakout.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="464" src="https://image.coinpedia.org/wp-content/uploads/2024/02/14120916/image-101-1024x464.png" alt="" class="wp-image-269654" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/14120916/image-101-1024x464.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/14120916/image-101-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/14120916/image-101-768x348.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/14120916/image-101-1536x696.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/14120916/image-101-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/14120916/image-101.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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Source – <a href="https://www.tradingview.com/x/MOnhtelP/">TradingView</a> 
Currently, the HNT price trades at $2.11 with an intraday fall of 0.84% with a higher price rejection candle. However, the pullback comes as a retest of the rounding bottom breakout with a surge in trading volume.&nbsp; 
Further, the trend-based Fibonacci level projects a high likelihood of a bullish trend as the demand for the altcoin surges.&nbsp; 
Technical Indicators: 
DMI Indicator: A positive trend in the ADX line shows a spike in the underlying trend momentum. Hence, the indicator teases a sharp uptrend with this breakout.&nbsp; 
EMA: The bullish trend in the 50-day and 200-day EMA represents an uptrend in motion. 
<h2 class="wp-block-heading" id="h-how-high-will-the-stacks-price-go">How High Will The Stacks Price Go?</h2> 
With the bullish breakout and the rising trend in the trading volume, the STX price is showcasing a bull run in motion. Further, the trend-based Fibonacci level projects a potential target at the $2.77 mark, accounting for a 30% potential jump this month.&nbsp; 
On the flip side, the downside risk stands with the ongoing retest of the $2 breakout.&nbsp;
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STX Price Prediction: Stacks Market Cap Touches $3 Billion, Eyes 30% Upside

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